Indian Oil & Gas companies have gone international by picking Oil Equity in Vietnam, Russia, Sudan, Myanmar, Iraq, Libya, Syria, Yemen, among others, leading to a demand of specialised legal professionals adept in handling international agreements in the Energy space

A number of Indian Oil & Gas companies have already kick-started international marketing operations in Sri Lanka and Mauritius. Operations in Sudan, Romania, Venezuela, Russia, Kazakhstan, UK, etc. are on the anvil. Porfessional experts would be required to draft specific marketing arrangements and ensuring compliance for the period of contract.

Under the five periodic rounds of awards of upstream blocks under New Exploration Licensing Policy (NELP), launched in 1999, private and foreign companies along with the NOCs committed about US$ 5 billion for exploration in more than 100 Production Sharing Contracts (PSCs). The periodic rounds of awards are continuing and the exploration investments are projected to rise considerably. The complete process including bidding, drafting of the contracts etc. would require legal expertise in the given domain.

The Power industry in India is changing rapidly with large investments and privitisation of distribution operations creating a need for specialised legal professionals who have an understanding of Power business, consumer rights and related areas.

With the formation of Bureau of Energy Efficiency, the GoI has put into place a monitoring cum regulatory framework which would require specialist technical and legal professionals in order to be effectively implemented.